June 2005 News Article Archive

« Year 2005 SummaryShares in PartyGaming Up on Public Opening - 30 June 2005Shares in PartyGaming PLC, the world's biggest online poker company, rose 6.5 percent Thursday as trading was opened to public investors. The stock was at 148 pence (US$2.65; euro2.19) in afternoon dealing on the London Stock Exchange, well above its offer price of 116 pence at Monday's start of trading for institution - read more »

Actress Jennifer Tilly wins event at World Series of Poker tourney - 29 June 2005Actress Jennifer Tilly won the Ladies no-limit Texas Hold 'Em event at the World Series of Poker - the first time a celebrity has won an event at the famous tournament. Tilly's skillful play and admitted good luck earned her $158,625. She beat 600 players to capture first place in a two-day event featuring some of the - read more »

Tamares signs agreement to buy Barrick Gaming casino interests - 28 June 2005Tamares Group, a privately owned international investment company, will buy out partner Barrick Gaming Corp.'s minority interests in downtown Las Vegas, the companies announced Monday.The financial terms of the sale were not disclosed, but Tamares will own outright title to the Plaza, Las Vegas Club, Western and Gold S - read more »

Jennifer Tilly plays a new role: Poker Champion - 28 June 2005In the new world of poker, you never know who is going to strike gold. People as diverse as actor Tobey Mcguire, NHL player Travis Green (who has cashed twice this year already, including a final table bubble in event # 2), and former tennis great Yvgeny Kafelnikov have played in the biggest events, and often held thei - read more »

Take A Gamble On Macau - 28 June 2005It is an incontrovertible fact that the Chinese love to gamble. It is clear from surging economic growth that the Chinese are becoming a wealthier population, perhaps not if you are a hapless rural peasant, but certainly if you are connected to the big end of town.Consider now that the island of Macau - once a Portugue - read more »

Gambling industry flourishes in Russia - 28 June 2005The new Casino Angara on Moscow's neon-flooded Novy Arbat street is the latest bet that this country's love affair with gambling is a sure thing. The casino, which opened in February, has 32 tables and 69 slot machines on a floor that is aiming for a 19th century gentleman's-club atmosphere with its red carpeting, dark - read more »

Internet Gambling Site IPO Excites Investors - 27 June 2005On June 27, investors are getting excited as PartyGaming, the world's leading online poker site, is about to file for its initial public offering (IPO). This online company is being evaluated as one of the biggest listed British firms for the last five years. The listing of 22 percent of PartyGaming's shares is expecte - read more »

U.S. Box Office Hits Longest Modern Slump - 27 June 2005"Batman Begins" took in $26.8 million to remain the top movie for the second straight weekend, but it could not keep Hollywood from sinking to its longest modern box-office slump. Overall business tumbled despite a rush of familiar new titles - "Bewitched," a "Love Bug" update and the latest zombie tale from director G - read more »

Win World Poker Tour Seat(s) for the Paris Open - 27 June 2005Aviation Club de France rests in the heart of Paris on the Champs-Elysées, the most beautiful avenue in world. Founded in 1907 by a group of aviators, this exclusive Club celebrates the achievements of its creators with a bold tradition of elegance and sophistication. Aviation Club de France has become part of the Worl - read more »

Gaming foes to roll out Mega Millions suit - 24 June 2005Anti-gambling forces vowed Thursday to file suit within two weeks to halt the Mega Millions game that debuts tonight, maintaining the multistate lottery is unconstitutional.The California Coalition Against Gambling Expansion also said it wants California voters -- not Gov. Arnold Schwarzenegger and the state Legislatur - read more »

PartyGaming Seeks $2 Billion in IPO Amid U.S. Concern - 24 June 2005PartyGaming Plc, the world's largest online poker operator, is testing the willingness of European investors to bet against the U.S. Department of Justice. The operator of the PartyPoker Web site, which plans to raise 1.1 billion pounds ($2 billion) in an initial public offering in London next week, makes 87 percent of - read more »

Kiwi Casino Player Strikes Gold in $295,000 Slots Win - 23 June 2005Marie from Illinois had only been a Kiwi Casino player for two days when she discovered why so many people like to play Gold Rally slots. After just nine spins of the reels she turned a $16 bet into a $295,000 win. Digging for gold has never been so easy.gI was so shocked I could not believe my eyes when I won the pro - read more »

PartyGaming flotation 'fully subscribed' - 23 June 2005THE initial public offering for PartyGaming, the world's biggest online poker company, has been fully subscribed, the bank running the listing said last night, insisting that it had 'no plans' to cut the price. Dresdner Kleinwort Wasserstein said it was sticking to its price spectrum of 111p-127p, despite City bookmake - read more »

Can another casino be squeezed onto Point Cadet? - 23 June 2005A group of homeowners and others who own small parcels of land between the Palace Casino and U.S. 90 are pooling their properties to lure another casino developer to Point Cadet.But the biggest financial beneficiary could be the city of Biloxi. It owns the waterfront locations crucial for any casino development. One is - read more »

PartyGaming IPO details come to light - 17 June 2005PartyGaming has revealed detailed plans for its US$8.6bn IPO on the London Stock Exchange, which is due to take place on 30 June. The firm will have an estimated valuation of £4.76bn following the listing, with 20.6% of the founder shares placed with institutional investors.The final share price is expected to be anno - read more »

Empire Online shares fall following negative press - 17 June 2005Shares in newly listed egaming firm Empire Online fell by nearly 15% as the firm felt the backlash from negative press stories over PartyGaming. Empire, which derives the majority of its income from a white label of the Party Poker website, and had seen shares rise 8% in its first day of trading.But a series of storie - read more »

U.S. irked by PartyGaming's British IPO - 17 June 2005The U.S. Justice Department is advising British finance officials the principals behind an upcoming initial public offering are subject to U.S. prosecution.Ruth Parasol, a New York lawyer and daughter of a massage parlor tycoon, her husband and two Indian computer experts are behind PartyGaming's planned June 27 IPO, e - read more »

Full Tilt Poker's Erik Seidel Wins 7th World Series of Poker Bracelet - 15 June 2005Erik Seidel bested a field of 1,402 of poker's best to take the top prize in the $2,000 No-Limit Hold 'em event at the World Series of Poker of 2005. Seidel took home $611,795 the lion's share of the $2,581,520 prize pool, and a coveted World Series of Poker bracelet for his victory in the ninth event of poker's bigges - read more »

U.S. Tribes Shared More Than $900 Million From Casinos - 15 June 2005American Indian tribes shared $900 million in casino gambling revenue with governments in 2004, a 23 percent increase over the previous year, according to a comprehensive review of Indian gaming released Wednesday. The report said 405 tribal casinos in 30 states also contributed $6.2 billion in taxes, two-thirds of whi - read more »

PartyGaming confirms IPO price range at 111-127p/share - 15 June 2005PartyGaming PLC, the world's largest internet poker company, has confirmed the price range for its planned initial public offering at 111-127 pence.At the mid-point of this range a market capitalisation of approximately 4.76 bln stg is implied for the Gibraltar-based group, giving it a FTSE 100 index listing.However, t - read more »

High Stakes Gambling Arbitrage - 12 June 2005Seems like only yesterday that Ivan Boesky was taking off his handmade loafers for a pair of white KEDS and jumpsuit. He was the arbritrage king in the late 80's, millionaire over and over, started with nothing, and ended with nothing. A great greek tragedy of sorts. Boesky played a game in finance called arbitrage, wh - read more »

Poker nation: Texas Hold 'Em is the hottest game around - 12 June 2005RW Bishop, a 43-year-old Lynnwood man who remodels houses, officiates high-school basketball games in his spare time and used to teach Sunday school, surveys the two cards in his hand, then slowly but confidently pushes all his chips forward."I'm all in," he says, repeating a phrase that may come to define this decade - read more »

InterCasino.com Honored yet again in Major Player Awards - 10 June 2005The world's favorite online casino, InterCasino (www.intercasino.com) has added to its plethora of plaudits by bagging the title 'Top Online Casino 2005', as awarded by top US gambling magazine Casino Player. Following on from their 2004 success, where InterCasino was awarded 'Fastest Payouts for an Online Casino' this - read more »

Internet Poker Features in the Grand Prix Fast Lane - 09 June 2005Leading online poker site, InterPoker has sealed a deal to display 30-second commercials for InterPoker (www.interpoker.com) and InterCasino (www.intercasino.com) during the Montreal Grand Prix, June 12th in Montreal, Canada and at other prominent sporting events throughout the year. This deal is an indication of the - read more »

7 ways to invent luck for yourself - 09 June 20051) Be an optimist.Think about the luckiest person who you know and it's likely that he or she is a happy extrovert who has an approach on life that is open and relaxed. There is a good reason for this, and that is optimistic people will tend to believe that they generate their own luck. Even more so, these people tend - read more »

Brett Jungblut, 2004 WSOP Omaha High/Low World Champion - In the Chips - 07 June 2005There's no doubt Brett Jungblut was in the chips when he won the Omaha Hi-Lo Championship at the WSOP 2004.But this 26-year-old internet poker-playing whiz is still in the chips - this time with a phenomenal number of internet poker wins, and his enormous collection of vintage poker chips. In the 12 months since he - read more »

Eyes Down For UK Bingo Wars - 06 June 2005ThinkBingo.com, the UK's leading bingo site, where members play alongside each other just like in a bingo hall - was launched last August and its players are already claiming £35,000 of prizes every day. Now Gala Bingo, Virgin and Yahoo have announced they too will be running bingo online, with Mecca expected to follow - read more »

Now there are even more chances to WIN IT BIG at InterCasino! - 04 June 2005These latest additions to InterCasino's (www.intercasino.com) portfolio further strengthens its mantle as Top Online Casino' for the past four years running as voted by readers of Gambling Online Magazine, and utilizes the newest innovative games from world leading software developer, CryptoLogic.InterCasino's manager - read more »

Hot New Online Poker Room, PokerHost.com Welcomes Aboard Minh Nguyen - 03 June 2005You can now play poker with professional poker player Minh Nguyen. Online poker room, PokerHost.com has added Minh Nguyen to their team of pros. Minh currently has two of his own tables at PokerHost where anyone with the courage and a little bit of cash can sit down and try to conquer Minh at his own game. The list of - read more »

Wynn Las Vegas reports results for the first 34 days of operation - 03 June 2005Wynn Las Vegas, the city's most expensive hotel-casino, generated gambling revenue of $64.3 million US in its first 34 days of operation, exceeding some analysts' expectations. Gaming revenue at the $2.7 billion resort came close to a full-quarter estimate of $68.2 million, Steven Kent, a gambling analyst with Goldman - read more »

Party Poker float offically on the cards - 02 June 2005PartyGaming, the parent company of Party Poker, has officially announced its intention to pursue a US$10bn listing on the London Stock Exchange at the end of June. The group confirmed it would be pursuing a full listing with around 23% of the founder's shares offered to the open market.The valuation of the firm follow - read more »

VIP to go public in US$44.5m reverse takeover - 01 June 2005VIP Management, the Curacao-based sportsbook and casino operator, will make its debut on the London Stock Exchange (LSE) at the end of June as a result of a lightly priced US$44.5m reverse takeover by listed firm Leisure & Gaming (L&G). L&G, which is listed on the LSE's Alternative Investment Market, will pay just US$ - read more »

Online Casino Wins the World Famous Pink Bunny Poker Auction - 01 June 2005Guess which online casino was willing to pay someone $15,100 to wear a pink bunny suite at the 2005 World Series of Poker? If your answer is the Golden Palace, then you have guessed correctly. I bet you didn't even have to think long about this one. We have all been accustomed to their highly entertaining promotional a - read more »

Jena Choctaws plan to file suit against state over casino plans - 01 June 2005The Jena Choctaws, frustrated by a lack of progress in their efforts to build a proposed casino, have announced they plan to file a lawsuit against the state to force negotiations.The suit names Gov. Kathleen Blanco as the defendant and claims former Gov. Mike Foster entered into a contract with the tribe by saying he - read more »

MGM, Planning $975 Mln Macau Casino, Seeks Expansion - 01 June 2005MGM Mirage is looking for more projects in the southern Chinese city of Macau as it prepares to build a $975 million casino hotel in the only place in China where casino gambling is legal, Chairman Terrence Lanni said. "We definitely want to build more than one casino in Macau,'' Lanni, 62, said today in Macau. MGM and - read more »

Las Vegas targets China market - 01 June 2005Las Vegas is looking East, betting that rising affluence will make China a big market for tourism and trade shows -- despite a gambling crackdown aimed at officials wagering with stolen public funds."China is one of Las Vegas' top emerging markets," Cam Usher, director of the city's Convention and Visitor's Authority, - read more »